PALACE SERVICES LTD

Company Registration Number:
11379782 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

PALACE SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

PALACE SERVICES LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,545,692 2,101,260
Total fixed assets: 2,545,692 2,101,260
Current assets
Stocks: 485,451 425,414
Debtors:   759,601 703,012
Cash at bank and in hand: 889,452 725,445
Total current assets: 2,134,504 1,853,871
Creditors: amounts falling due within one year:   (969,899) (825,401)
Net current assets (liabilities): 1,164,605 1,028,470
Total assets less current liabilities: 3,710,297 3,129,730
Total net assets (liabilities): 3,710,297 3,129,730
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,710,296 3,129,729
Shareholders funds: 3,710,297 3,129,730

The notes form part of these financial statements

PALACE SERVICES LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: Steven Winwood
Status: Director

The notes form part of these financial statements

PALACE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PALACE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 40 30

PALACE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 2,101,260
Additions 444,432
At 31 May 2023 2,545,692
Net book value
At 31 May 2023 2,545,692
At 31 May 2022 2,101,260